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Guide to Reg CC
Hold Notice Form
by Bonnie Mizrahi
Bonnie Mizrahi's Reg CC Hold Notice is detailed and comprehensive. When used correctly, it documents in detail for the benefit of the customer and the institution exactly what was done and why.
Completing the form properly, however, is essential. To help those filling it out get it right every time, Bonnie has created a step-by-step guide to how it should be completed. It also points out some areas that appeared to be causing confusion.
Download the Reg CC Hold Notice or Bonnie's Step-by-Step Guide by right clicking on each link and saving the file.
ACCESS Bonnie's other Reg CC Compliance Tools.
Bonnie Mizrahi
I am Vice President / Compliance Officer for a $1 Billion
Bank. I have worked in Compliance full time since 1992. Prior to that, I
have been involved in Compliance at one level or another since 1979, usually
focusing on Reg Z, HMDA and Reg B for loan documentation.
I got started in banking after a temporary summer job turned into an offer
for full time work. I got involved in the compliance side of lending
because, quite frankly, no one else wanted that job!
I know that many people find Reg CC confusing and frustrating, but to me
it's a lot simpler than many of the byzantine rules of HMDA, RESPA, and the
new Privacy laws, and it's not nearly as intimatading as some aspects of
the Bank Secrecy Act.
First published on BankersOnline.com 8/27/01
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